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To: Bobby Yellin who wrote (17638)9/5/1998 4:14:00 PM
From: Don Green  Read Replies (1) | Respond to of 116764
 
Answers

1. how come they bought US real estate at the high? and sell it at the lows?.... No one knows, but in hindsight, again this was a few VERY rich, nothing more.

2. >why are so very many of their banks in trouble? Very simple..Because the Japanese people have stop depositing their many in them.

3.> how come they bought at the highs at Sotheby's in the art market?
The same reason some people bought Gold at $800 plus and still are holding it. But again was a small number..

4>> how come they let their stock market be levered on bubbled real estate in Japan.. Because with supply (real estate) and demand high the properties shot up 100 percent each 6 months..

Two many westerners equate actions of a few misguided Very Rich business men with an entire culture.. It is like saying why did Donald Trump or Ted Turner do this or that.. It really is only good press but means nothing

Regards
Don